In a world where exchange rates often dominate headlines, currency strength matters. It affects everything from the cost of imports and exports to foreign investment and citizens’ purchasing power.
A stronger currency often reflects a nation’s economic stability, effective governance, fiscal discipline, and growing investor interest.
One major advantage of a strong currency is increased purchasing power. Citizens and businesses are able to buy imported goods and services at lower costs, making everything from technology to everyday products more affordable.
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A strong currency also tends to attract foreign investment. On a global scale, strong currencies enable nations to negotiate better trade terms and strengthen their economic influence.
As of April 2025, the rankings reveal a fascinating picture. For instance, the Ghanaian cedi has recorded significant stability, achieving one of its longest periods of strength against the US dollar in recent years.
Since December 2024, the Ghanaian Cedi has remained largely stable, even appreciating against the dollar on some days.
Data from the Bank of Ghana and various commercial banks show that, as of April 2025, the cedi had appreciated by 2.76 per cent against the dollar.
Bloomberg’s currency platform reported that as of 28 April 2025, most commercial banks were selling the dollar at GH¢15.58, with some quoting GH¢15.40 today.
In this article, we count down the strongest currencies in Africa as of April 2025 according to the Forbes currency converter, last updated on the 22nd of April 2025.
Whether you are a curious reader, a market watcher, or someone passionate about Africa’s future, this list will provide fresh insights into the rising financial stars of the continent.
Country
Currency value per US$
Currency
- Tunisia
2.95
Tunisian Dinar
- Libya
5.46
Libyan Dinar
- Morocco
9.24
Moroccan Dirham
- Botswana
13.77
Botswanan Pula
- Seychelles
14.22
Seychellois Rupee
- Eritrea
15.00
Eritrean Nakfa
- Ghana
15.46
Ghanaian Cedi
- South Africa
18.62
South African Rand
- Namibia
18.77
Namibian Dollar
- Lesotho
18.77
Lesotho Loti
